Tesla isn't Apple, Elon Musk isn't Steve Jobs, and its cars aren't the next iPhone.
Over the years, Wall Street experts like Loup Ventures' Gene Munster and Morgan Stanley have gone so far as to call Tesla the Apple of the auto industry; some analysts have even asked whether Tesla would be more valuable than Apple by 2030.
More recently, however, the comparisons have started to fall apart. Musk's acquisition of Twitter, and his behavior on the social media platform itself, have spooked Tesla investors as its stock fell 65% in 2022.
What should be more concerning to investors is it's becoming less clear by the day how Tesla itself can remain competitive in an EV market that's growing fast and in danger of leaving the company behind. Read the full @BusinessInsider story here.
React with for more stories like this, and for less.
(Image credit: Chip HIRES/Gamma-Rapho via Getty Images; Rebecca Zisser/Insider)
